Legal Studies Unit 2 (B) – Law of Contracts MCQ Question Answers for Various Entrance Exams

1. Which is NOT one of the criteria that an agreement should fulfil?
a.
b.
c.
d.

2. When a new contract is substituted for an old contract, it is called _________
a.
b.
c.
d.

3. The object of the agreement should not be illegal, immoral or  ______________
a.
b.
c.
d.

4. Which of these is NOT one of the instances when a contract gets discharged by operation of law?
a.
b.
c.
d.

5. Indian Contract Act was enacted in which year?
a.
b.
c.
d.

6. When Acceptance is made to a promise but not on the complete terms of the promise but to a lesser fulfilment of the promise, it is called __________
a.
b.
c.
d.

7. A offers to sell his car for 50,000 to B. B accepts the offer. In this case, the consideration for B is ________.
a.
b.
c.
d.

8. X promises to supply 10 kgs of wheat and 3 packets of heroin to Y for a sum 2 of Rs. 10,000/-. Y pays Rs. 10,000/-. Is this agreement enforceable?
a.
b.
c.
d.

9. An agreement without consideration is _____
a.
b.
c.
d.

10. When does an agreement become a contract?
a.
b.
c.
d.

11. When a person accepts an offer it becomes a/an ______
a.
b.
c.
d.

12. When is a contract eneterd into by a minor considered valid?
a.
b.
c.
d.

13. Which of these is another term for  failure to perform the obligation by a party?
a.
b.
c.
d.

14. A expresses his willingness to sell his cottage to B for Rs. 5 lakhs. Here, A's willingness is called __________
a.
b.
c.
d.

15. Which of the following is included in damages?
a.
b.
c.
d.

16. The time limit in which a contract should be performed is called ______
a.
b.
c.
d.

17. An offer cannot be made to the public at large. This was held in which case?
a.
b.
c.
d.

18. Who can revoke an offer before acceptance?
a.
b.
c.
d.

19. Which case was dismissed by the Court on the ground that the agreement entered into between the husband and wife was not a contract. The arrangement between the husband and wife was only a moral obligation and the parties never intended to create any legal relationship?
a.
b.
c.
d.

20. When the contract neds, it is said to be __________
a.
b.
c.
d.


 


 

Also See:


 
Legal Studies Unit 1 – Judiciary MCQs
 
Legal Studies Unit 2 (A) – Law of Property MCQs
 
Legal Studies Unit 2 (C) – Law of Tort MCQs
 
Legal Studies Unit 2 (D) – Introduction to criminal laws in India MCQs
 
Legal Studies Unit 3 – Arbitration, Tribunal Adjudication and Alternative Dispute Resolution MCQs
 
Legal Studies Unit 4 – Human Rights in India MCQs
 
Legal Studies Unit 5 – Legal Profession in India MCQs
 
Legal Studies Unit 6 – Legal Services MCQs
 
Legal Studies Unit 7 – International Context MCQs